No cut in production, looks like.

http://news.ft.com/servlet/ContentSe...=1079419841324

The gas prices have been consistantly high for the past 3 years. They have never come close to the $1.00 per gallon prices we used to see every now and then. You would think this petroleum rich president and family would help lower prices. I guess it better for them to keep prices comfortly high to make good money but not to high to piss off the consumers.
Mark

NO! it's the left wing liberals that are against our being self sufficient by drilling our own oil in Alaska, instead of remaining at the mercy of those Saudi crude towelheads!

Gasoline Pump Prices Hit All-Time High

http://story.news.yahoo.com/news?tmp...line_retail_dc

Never use your own resources when it is cheaper to use up all of the other guys first. Besides, gas prices are set by politics and what the public will stand for, do you really think it costs more to make/ship gasoline to Europe where prices are at least twice as high? That is where their governments decided prices should be (think government income/tax base).

-Greg

How is it that we the US of friggin A . Invade iraq and are paying more for gas? Why don't we just take iraq's oil and keep all of it just for us.

Capo...I'm thinking along the same lines. But alas, that would be far too easy. And could you imagine what our European friends would think? Oh the humanity.

I say drill everything we've got and start using it up. In the meantime break the banks of the middle eastern whacko's and other OPEC morons. We must do this before petroleum becomes obsolete and we switch to an alternate source in just a couple of decades...

Either way, if you can't afford to operate it, you can't afford to own it in the first place...Look how cheap those Bayliners operate with thier 4.3's....

it's total BS that's why